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  • Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    thanks Terry, its my girlfriends mums house.

    She can deal with CGT at Tax time (i believe this is correct?) I budgeted her net profit already so CGT wont be a surprise.

    sell price is 660k – so I will advise her to budget on 2% + 2k for lawyers and 750 for discharge etc – all budgetary of course.

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    thanks guys.

    a couple of answers…

    1. she has good credit history with bankwest (customer since birth). and ANZ for 5 years +. She's also got a good credit history and the broker thinks she will be fine.

    2. she's working out if she can handle variable. i think if there is upside for her, she can do it. but agree its a personal decision.

    3. Michael, thanks for the maths – very helpful!

    4. I personally wouldn't fix either, but as above, this isnt my decision, just trying to help my sister with pros and cons either way.

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    thanks richard, great advice.

    Profile photo of avranjesavranjes
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    @avranjes
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    hi L.A. Aussie

    I agree with your points. Thanks for your feedback. I have only been in VIC for 7 weeks and wanted to know what the market dictates, and more importantly, what investors like you are doing

    Cheers,

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    hello,

    yes, a Cleardocs Discretionary Trusts , preferably a hybrid trust

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    hello,

    yes, $150 per week is the minimum, realistically im looking for $170-180 out of the box, and then hopefully more after paint or other options etc etc.

    Im defn looking for as high as possible land content.

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    To clarify, i am looking for a IP as a traditional buy and hold to rent out

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
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    hi guys,

    i think you are right, i was just looking for clarfication.

    If i purchase the property in my girlfriends name and then the mortage in both our names, i will be able to -ve or +ve gear my half of the mortgage when applicable though???

    Profile photo of avranjesavranjes
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    @avranjes
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    there shopping centre is going under a major renovation, adding new shop spaces. the development company has a open public shop on scarborough beach road displaying the plans, i have had a look, the plans are very nice, and the shopping space appears not to be packed in like morley galleria.

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    hello,

    just rang dtf and they confirmed if buying in a trust then wont loose FHOG.

    thanks,

    Profile photo of avranjesavranjes
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    @avranjes
    Join Date: 2003
    Post Count: 58

    hi terry,

    you think we can use the FHOG later? whom should i ask this question to to clarify in the government?

    Profile photo of avranjesavranjes
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    @avranjes
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    i just found this page

    http://www.qld.realnet.com.au/

    is this the main page for QLD? or do people use others too?

    thanks

    Profile photo of avranjesavranjes
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    @avranjes
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    hi terry,

    thanks, so if the seller agrees to rip up the old contract and then we write a new one, after finance is approved and it has gone to the dept of state revenue, this is ok? Then do i need to tell the dept of revenue of this?

    Profile photo of avranjesavranjes
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    @avranjes
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    hey everyone,

    i have my finance approved. so the sold sticker has gone up!

    i would like to thank stuart and josie @ prosolution, and tracey @ loancom for there advice, even when they all knew i wasnt going to use their services to secure a loan, they still took the time out to give me expert advice.

    thanks to all of you.

    Andrew

    Profile photo of avranjesavranjes
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    @avranjes
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    Post Count: 58

    sorry, i should be a bit clearer, we only have 5% deposit, we may be able to stretch a little more but thats it!

    Profile photo of avranjesavranjes
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    @avranjes
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    any groups in perth solely interested in +ve geared property aquisition?

    please advise.

    thanks

    Profile photo of avranjesavranjes
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    @avranjes
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    thanks guys! i suppose it does depend on the location. i have factored a high end alarm and security lighting into the purchase price of the property. i will check with the neighbours also. its a nice park, grass swings, and a small river running thorugh it.

    anyone else have any thoughts???

    Profile photo of avranjesavranjes
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    @avranjes
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    sorry! i mean high growth !

    Profile photo of avranjesavranjes
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    hi sebastian,

    that sounds like a great idea, you can count me in!

    Profile photo of avranjesavranjes
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    @avranjes
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    does anyone know of any +ve cash flow residential properties in perth?

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